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Nov 14, 2012 5:00pm EST
the least positive impact on our economy. >> reporter: what is important to remember about that is almost two years ago, the president flatly said he was not going to go along with extending bush tax cuts for families making more than $250,000 a year. the president was asked again today. he said listen, that was a one- time situation. the president's words, the country is in a much different place economically, he said, than it was then and keep in mind, the president is not facing voters ever again, will. so this is a situation where the president said this time he means what he says, and we're going to have to see the next six weeks whether he backs it up. >> all right, tom fitzgerald, thanks for the update. shawn. >>> within five years, d.c. hopes to create 100,000 new jobs and bring in more than $1 billion in revenue. it's a big goal and big number. is it possible? if so, will the jobs go to locals who need them? fox 5s matt ackland has more on d.c.'s economic equipment strategy. >> reporter: the sweet sound of construction can be seen all over the district. all you have to do is look
Nov 9, 2012 5:00pm EST
of not reaching a deal would be devastating to the u.s. economy but they don't have a lot of time here. >> no, they don't. the president spoke on this today, not mentioning what was going on behind the scenes with the cia. consider the timeline here. there are only 53 days now left for congress to get to work and get this deal done in order to raise the debt ceiling this year congress put this countdown clock in effect and it has now unt january 1 to get it done. if nothing gets done, your payroll taxes could go up. the bush era income tax cuts would end and 449,000 defense industry jobs across virginia, maryland and d.c. could face layoffs if these automatic pentagon cuts are allowed to go forward. at the white house this afternoon the president spoke in front of what the administration called average americans. those special era tax cuts would expire. add to that deep spending cuts that will kick in. all of this has economists warning tonight of a double dip recession and possible rise of the unemployment rate up to 9.1%. >> the american people are looking for cooperation. they are looking
Search Results 0 to 1 of about 2